CFA, FRM

Appearing for CFA & FRM together?

Appearing for CFA & FRM together?

What is FRM??

  • Financial Risk Management Exam is conducted by the Global Association of Risk Professional (GARP).
  • The exam is conducted in 2 levels.
  • The exam is conducted in May and Nov every year.
  • Both the Level can be given together in a single attempt.
  • Further, you need 2 years of experience to get certified plus a bachelor’s degree.

What is CFA?

  • A Chartered Financial Analyst (CFA®) is a globally recognized certification provided by CFA Institute.
  • The exam is conducted in 3 levels.
  • First level exams are conducted Four times -(February, May, August, and November) and the Second and Third levels are conducted annually (June).
  • If you are able to clear the exam in the first attempt than ideally, you should be able to clear the exam in around 2.5 to 3 years.
  • Further, you need 4 years of experience to get certified plus a bachelor’s degree.

Book your CFA Demo Session Click Here

Should you appear for both Exams together?

  • Giving CFA and FRM Level 1 together makes sense as the portion for both exams is 40% same
  • Focus first on getting the common part sure from the preparation perspective and then move towards the uncommon part.

Common Part includes:

  • Bond Valuation
  • Basics of Futures and Options
  • Future and Option Valuation
  • Portfolio Management
  • Equity Market Basics
  • Probability
  • Basic Statistics
  • Hypothesis Testing

Book your FRM Demo Session Click Here

Preparation Strategy:

You can appear for both the exam in many ways, highlighting two most popular strategies below.

Strategy  1:

  • Appear for CFA Level 1 in Feb
  • Appear for FRM level 1 in May
  • Appear for FRM level 2 in Nov
  • Appear for CFA level 2 in June
  • Appear for CFA level 3 in June

Strategy  2:

  • Appear for CFA Level 1 in Aug
  • Appear for FRM level 1 in Nov
  • Appear for CFA level 2 in June
  • Appear for FRM level 2 in Nov
  • Appear for CFA level 3 in June

Related Post:

CFA or FRM which Course is better?

FRM Course Full Details

Related Quora Answer:

Is it advisable to appear for CFA and FRM Level 1 simultaneously?

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